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China's Next Big Move: Moving From Luxury to Low-End Goods - Bloomberg

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Before the coronavirus struck, investing in luxury stocks and Chinese internet giants like Alibaba Group Holding Ltd. and Tencent Holdings Ltd. was a surefire way of tapping the world’s largest consumer base. 

Then midway through the pandemic, Beijing began a regulatory crackdown that culminated in an Aug. 17 speech by President Xi Jinping that changed everything.

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"low" - Google News
December 12, 2021 at 04:00AM
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China's Next Big Move: Moving From Luxury to Low-End Goods - Bloomberg
"low" - Google News
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